20 Jun 2012

Iwi link up for support in big investments

8:46 am on 20 June 2012

A commercial arm of a Rangitikei iwi is building links with other iwi to support each other with Waitangi Treaty settlement investments.

Ngati Apa recently bought $2 million of shares in the Trafalgar Square shopping complex in Whanganui with some of the $15 million it received from the Crown last year.

Ngati Apa Developments Ltd chairman Toko Kapea says his tribe is talking with other iwi to get guidance on how to make the most out of their Waitangi Treaty settlement money to create a better future for their descendants.

One of the things the commercial arm is doing is having hui with different iwi including a meeting with Ngati Awa in Whakatane last year, he says.

Next month there will be a meeting is between Ngati Apa and two new chief executives of the Auckland hapu Ngati Whatua o Orakei and Kaipara.

Mr Kapea says his people want to use that opportunity for whakawhanaungatanga (networking) and to share commercial and investment opportunities and collaborate where appropriate.

His iwi is excited about what the future holds in a post-treaty settlement environment.